mr carney was sure to highlight that these were just scenarios but that they had considered multiplethat of a no deal. let's hear more of that analysis which he gave at the bank of england this afternoon. taken together the scenarios highlight the impact of brexit will depend on the direction and magnitude and speed of the effect of reduced openness on the eu uk economy. the direction of the effects of the reduction of the openness is clear. lower supply capacity, weaker demand, a lower exchange rate and higher inflation. the magnitude of these economic impacts is modelled using established empirical relationships and is disciplined by the banks sweeter economic to ensure the coherence of plausibility. —— macroeconomics. the speed of adjustment is less clear. given the lack of precedence of reduced openness, particularly amongst the economy. the worst—case scenario assumed that adjustment and the integration happens more rapidly thanit integration happens more rapidly than it has over the past decade to integration. this assumption is grounded by crosschecks including econometric mod

theresa may and european union officials it would help smooth the country's departure from the block mr carney said lawmakers in the. heads over prime minister may's draft agreement with or without of the old the date of separation is drawing closer and. how that will impact the. coventry in the heart of england home to students and researchers from across the european union many of them originally came to the u.k. through the e.u. a rasmussen program but with briggs it looming exchange programs like these could be a thing of the past for british students the country's future outside the e.u. has also been the subject of heated debate here in berlin where many young brits had their first taste of studying abroad. i think the u.k. or at least. employees in the u.k. want to employ more local people now or at least see it as something that's going to be easier and more practical for them so i think that is something about that could definitely affect foreigners brits living in the e.u. are concerned about how freely they'll be able to move once britain leaves the european union. also just in term

mr. carney starts talking in a few minutes time now on the other side of the atlantic, ivanka trump used her personal e-mail for government business according to the "washington post." the newspaper reports that the senior adviser and daughter of president trump sent hundreds of e-mails last year to white house aides, cabinet officials and her own assistants using a personal e-mail account the newspaper added when questioned about this by aides mrs. trump said she was unaware of some of the rules a spokesperson said ivanka trump sometimes used his personal account but none of the e-mails conta contained classified information. >>> 16 democrats published a letter overnight referring to nancy pelosi as a historic figure but calling for new leadership tracie potts is joining us now from washington. this seems like a moment of success for house members from the democratic side, yet here they are with infighting kicking off quite early on before they have taken their seats >> it's not a big surprise we heard that there would be a challenge if not more than one challenge to nancy pelosi. the 1

mr. carney is about to say and these reports about whether the e.u. is going to keep the u.k.alix: let's look at some of what we learned from the b.o.e. so far headed into that press conference. first of all, they changed their inflation outlook as well as their growth outlook here. so for 2018, they see 1.3% g.d.p. level and 2.5% for inflation. that is the inflation target that's slightly higher and the growth target is slightly lower. so what we've been seeing from the eurozone as well. we also heard, that was the big headline, that basically they see that the economy will be running hot in late 2019. they say the output gap has closed. so very definitive language for mark carney and some saying that, look, the hawk took a back seat, they should have hiked before. former member said that interest rates on hold. another spineless decision from the m.p.c. and like i mentioned, you saw a selloff in the guilt market. yield climbing as much as five basis points. we're off that level now for a moment. the cable rate still climbing and holding onto those highs of the session. david

the declines in bank share prices over the past few days over concerns about brexit and given a mr carneyommittee i would say it would probably get quite a few questions on that, notwithstanding the fact that mps will want his outlook for the uk economy, given the uncertainty surrounding the withdrawal agreement and the fact that mps may or may not vote for it. what is interesting within the last 24 hours is that the dup, the conservative government rise on four votes in the uk, they didn't back the finance bill. they abstained in certain clauses, this was a warning shot to say please don't take is for granted, we have our concerns about this withdrawal agreement in terms of the fact that northern ireland will be much more closely tied to the eu's customs union and the rest of the uk. it is a concern, it opens up of the uk. it is a concern, it opens upa can of the uk. it is a concern, it opens up a can of worms with respect to northern ireland's feature in terms of any new agreement. talk us through why you think the tech stocks are having such a rough fried, i know it has been a scene fo

mr. carney mentions.ning within this 1.28 range, what we saw last week with prime minister may's government threatened, higher is a big deal. francine: it is a big deal. let's get to taylor riggs. taylor: bank of england governor mark carney is weighing in on brexit today, being questioned in parliament. the central bank has been asked to assess any agreement or agreement with the sterling.aker 16 house democrats have come out against nancy pelosi's bid to be speaker of the house. they say it is time for new leadership. no challenger to pelosi has come forward. democrats will vote on speaker candidates next week. airlines around the world will be able to question going today boeing today about its 737 max jet. the two deadly wildfires in california could cost insurers up to $13 billion. those estimates include damages to property and cars and business disruption. the fire in california killed at least 79 people and destroyed thousands of homes. global news 24 hours a day, on air and @tictoc on twitter, po

mr carney was careful to highlight that these were just scenarios, and said that they had consideredich he gave at the bank of england this afternoon. taken together the scenarios is highlighted the impact of brexit will depend on the direction, magnitude and speed of the effect of reduced openness on the uk economy. the direction of the affects of the reduction in openness is clear. 0versupply capacity, weaker demand, lower exchange rate and higher inflation. the magnitude of these economic impacts is modelled using established empirical relationships and it is disciplined by the speed of macroeconomic models to ensure their coherence and plausibility. but speed of adjustment it's less clear. given her like your presidents amongst advanced economies. we assume adjustment to integration have a poor record lead that has the past decades. this assumption is grounded by crosschecks including econometric models and case studies and intelligence from the agents across the united kingdom. the fpc has redo the united kingdom. the fpc has redo the relevance and will use them as inputs. the r

mr. carney. it was dramatic. what he called a disorderly exit from eu. gdp would go down 8%. commercial property down 34%. no one seemed to notice. why not? simona: maybe fatigue. this has been ongoing for so long. the dire warnings are not the first we have heard about the of eu.of a crash out it is concerning. see how itrating to appears we are so close and yet so far, from a resolution or an agreement on terms of transition. certainly, major risk. probably, we have heard this before and it still is a risk in the future. david: at this point, do people just not believe it? this is the worst case that mark carney laid out. theresa may will go to parliament 10 days from now and say, please don't do this. do the markets not believe they will have this disorderly exit? simona: the market is hanging onto the idea of some remaining ofeat of -- thread rationality among players who can make the best scenario happen or avert it. that explains the more reticent reaction. that, ithe same view is too damaging not just for the u.k., a crash brexit, is not good for eu either. it seems li

mr. carney will brexit at a press conference today.on how he is going to avoid a discussion on brexit? david: i would say the probability is zero. it is going to come up in the q&a. idea.l be asked about the we are going to keep this going. he has got a function just like draghi and just like powell, and that is tepid inflation. but it is not. what is he going to say about inflation? david: i think the chief economist shared a really interesting speech where he talked about wages accelerating in the u.k. the labor market tightening and much more confident there. the labor market was showing real signs of strength coming through in terms of wages. we saw that follow through in the late markets with private sector regular wage rises running at over 3%. public sector wages also picked up. i think the story here will be a lot more confidence eventually. there is always the ecb space. they'reition where it much more confident they can achieve their inflation over the longer term. the interesting thing for me is what they give in terms of ra

moderator: your home carney mr. morrisey, is jefferson county.here is a huge fight going on right now over a plant. supporters say that their 150 you told me you'd have an announcement prior to the on tion about your stance hat. >> i'll tell you what i'm not going to do, i'm not going to -- mr. morrissey: i'm not going to use this issue to ride both sides of the fence, that's what senator man chin does. he took a position, he went to the ground breaking and now he's backing away,y probably be on the other side of the issue. when i give you an answer i'll be straightforward and i'm still getting to the bottom of it because we need to consult with the deform e.p. i'll tell everyone this much. when you look at the rockwell issue, make sure they're dotting all the i's, crossing all the tmbing's. jefferson county is a farming community you grew up there. we know it's a special place wem can't allow things to come in which will ruin the character of the community. ut we have to do it right. moderator: let him finish. you are not able to say whether you